• Rarely available, unbroken mixed-use buildings currently producing £110,000 per annum

• Comprises 1 commercial unit and 6 flats

• Accommodation extends to approximately 3,843 sq. ft (excluding common areas)

• Significant asset management potential

• Excellent transport links

• To be offered by Knight Frank Auctions on 6th June

Property Description

On the instruction of Keash Properties (Cricklewood) Limited (In Liquidation), acting by its Joint Liquidators.

The subject property (as illustrated by the red line and to be used for identification purposes only) comprises two buildings on a single freehold plot situated between Cricklewood Broadway to the front and Hassop Road to the rear. To the front is a four storey, mid-terraced, mixed use building (297 Cricklewood Broadway) constructed in the early 20th century and arranged as a ground floor commercial unit, with two self-contained flats to the upper floors (flats 297a and 297b). To the rear of the site is a four storey, mid-terraced, purpose-built residential building (81 Hassop Road), constructed circa 2015 and arranged as four self-contained flats (81, 1-4), one on each floor. There is a courtyard between the two buildings which is used as a bin store and also allows access from one to another via their respective rear entrance doors. Part of the courtyard is fenced off and used as a private garden demised to Flat 1, 81 Hassop Road.

AREAS AND ACCOMMODATION
Refer to the schedule in the marketing particulars for individual floor areas and accommodation. Total floor area extends to approximately 363.5 sq m ( 3,843 sq ft). Areas have been provided by the vendor and does not include the common parts.
The property occupies a rectangular site of approximately 0.023 hectares (0.057 acres).

TENANCY
The Joint Liquidators are receiving rent pursuant to an assumed overriding lease of the whole property to RE Facilities Management Ltd, for a term which purports to expire on 31 May 2026 at the rate of £110,000 per annum.
Individual units have been sublet.
Refer to the legal pack for further details and where not available, interested parties are advised to rely on their own enquiries.

The subject offers significant asset management opportunities. Interested parties are to rely on their own enquiries.

This property is being marketed for sale on behalf of Joint Liquidators and therefore no warranties, representations or guarantees are given or will be given in respect of the information in the particulars or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Joint Liquidators are acting without personal liability.

Open House Viewings:
Thursday 30th May 12:15pm -2:00pm

Location

The Property is located on Cricklewood Broadway in the London Borough of Brent administrative area, approximately 5.3 miles to the northwest of central London. Comprehensive retailing facilities including local and national multiples can be found further along Cricklewood Broadway to the north and south including Matalan, Wickes, Lidl, Tesco Express, McDonald’s and Burger King. Cricklewood railway station is situated approximately 460 metres to the east of the Property and Willesden Green underground station, serviced by the Jubilee Line, is situated approximately 0.7 miles to the south.

Occupancy

Tenanted

Tenure

Freehold

EPC Rating

D

Buyers fee

The buyers fee is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details: The sale of this property will take place on the stated date by way of and is being sold as Unconditional. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.